1801 Wittington Pl, Farmers Branch, TX 75234-1993
- Office buildings
- 100,000 SF
- 4.97 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1801 Wittington Pl
- Year built
- 2020
- Construction
- TILT-UP CONCRETE
- Lot size
- 4.97 lot acres
- Property type
- Office buildings
- APN
- 24116030010010000
- APU
- 24116030010010000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 10, 2022 | — | Mm Property Holdings IV LLC | — | Deed · related | $6M · Falcon International Bank |
Description
This exceptional 96,592-square-foot, four-story Class B office building presents a compelling value-add investment opportunity. Constructed in 2021, the property boasts high-quality finishes and timeless architecture, situated on a fee-simple ownership basis. Currently at 17.1% occupancy with two tenants, this multi-tenant building offers significant upside potential through lease-up. Located at 1801 Wittington Pl, Farmers Branch, TX 75234, in the desirable Las Colinas submarket of Dallas County, this property benefits from its strategic location near major transportation arteries: Hwy 161, Interstate 635, and I-35. The strong market fundamentals of the Dallas MSA, including a talented workforce, business-friendly environment, and low cost of living, contribute to the property's potential for increased occupancy and predictable returns. The building's prime location within a high-growth area, coupled with its pricing significantly below replacement cost, makes it an attractive proposition for owner-users or investors seeking value-add opportunities in a thriving Texas market. This single building offers a unique chance to capitalize on the ongoing growth and demand in the Dallas-Fort Worth area. The property is priced to offer significant upside potential through increased occupancy and strong market conditions.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $12,373,000
Market price range: $1.58M - $13.8M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $7,945,000 Current use
- RESTAURANT
- $15,185,000 Change: +91% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $11,760,000 Change: +48% Conversion: Difficult
- MEDICAL BUILDING
- $8,950,000 Change: +13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Farmers Branch
- County
- Dallas
- State
- Texas
- Longitude
- -96.918
- Latitude
- 32.9179
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
